https://www.taxtmi.com/caselaws?id=251367 The High Court dismissed the revenue's appeal, upholding the decisions of the CIT(A) and the Tribunal. The court determined that the assessee's share transactions were classified as investments, not business activities, based on consistent treatment of shares as capital assets, not for trading purposes. The court emphasized that the income from share dealings should be treated as capital gains, supported by legal precedents and the interpretation of circular no. 4 of 2007. en-us Mon, 25 Aug 2014 00:00:00 +0530 Fri, 12 Sep 2014 08:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251367 The High Court dismissed the revenue's appeal, upholding the decisions of the CIT(A) and the Tribunal. The court determined that the assessee's share transactions were classified as investments, not business activities, based on consistent treatment of shares as capital assets, not for trading purposes. The court emphasized that the income from share dealings should be treated as capital gains, supported by legal precedents and the interpretation of circular no. 4 of 2007. Case-Laws Income Tax Mon, 25 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251367